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Bendigo Bank Becomes Fourth Major Australian Bank to Block High-Risk Crypto Payments

Bendigo Bank in Australia has become the fourth major bank in the country to block "high-risk crypto payments" in order to protect customers from investment scams. The bank has implemented new rules on instant payments to crypto exchanges, which adds "some friction to certain genuine payments." The blocks are aimed at combating fraudulent payments and enhancing protections for its 2.3 million customers. The bank has not disclosed further details on which instant crypto transactions will be blocked or which exchanges may be affected.

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